Vale S.A. (NYSE:VALE) Receives Average Recommendation of "Hold" from Analysts

Shares of Vale S.A. (NYSE:VALE - Get Free Report) have been given a consensus recommendation of "Hold" by the eleven ratings firms that are currently covering the firm, Marketbeat reports. Six analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $12.04.

Several equities analysts have recently weighed in on VALE shares. UBS Group decreased their price objective on Vale from $10.50 to $9.00 and set a "neutral" rating for the company in a report on Monday, April 28th. Royal Bank Of Canada restated a "sector perform" rating and issued a $11.00 price target (down from $12.00) on shares of Vale in a research note on Thursday, April 17th. Bank of America raised Vale from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $11.00 to $11.50 in a research report on Thursday, April 10th. CICC Research initiated coverage on Vale in a report on Monday, May 12th. They issued an "outperform" rating and a $11.30 price objective for the company. Finally, Wall Street Zen began coverage on shares of Vale in a research note on Wednesday, May 7th. They issued a "hold" rating for the company.

Vale Stock Down 0.7%

Shares of Vale stock opened at $9.29 on Thursday. The firm has a market cap of $42.14 billion, a PE ratio of 6.73, a P/E/G ratio of 0.30 and a beta of 0.76. The business's 50 day simple moving average is $9.45 and its 200 day simple moving average is $9.39. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.74 and a current ratio of 1.11. Vale has a 52-week low of $8.06 and a 52-week high of $12.05.

Vale (NYSE:VALE - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The basic materials company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.02). Vale had a return on equity of 17.65% and a net margin of 15.54%. The business had revenue of $8.12 billion for the quarter, compared to the consensus estimate of $8.39 billion. On average, analysts predict that Vale will post 1.85 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Blue Trust Inc. boosted its position in Vale by 41.0% during the fourth quarter. Blue Trust Inc. now owns 24,628 shares of the basic materials company's stock worth $218,000 after purchasing an additional 7,159 shares during the period. J.W. Cole Advisors Inc. acquired a new stake in shares of Vale during the 4th quarter worth about $97,000. State of New Jersey Common Pension Fund D boosted its holdings in shares of Vale by 63.6% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 793,898 shares of the basic materials company's stock worth $7,042,000 after buying an additional 308,679 shares during the period. Truist Financial Corp boosted its holdings in shares of Vale by 18.2% during the 4th quarter. Truist Financial Corp now owns 33,704 shares of the basic materials company's stock worth $299,000 after buying an additional 5,189 shares during the period. Finally, Atria Wealth Solutions Inc. grew its stake in Vale by 92.2% in the 4th quarter. Atria Wealth Solutions Inc. now owns 26,689 shares of the basic materials company's stock valued at $237,000 after buying an additional 12,801 shares during the last quarter. 21.85% of the stock is owned by institutional investors and hedge funds.

Vale Company Profile

Vale SA, together with its subsidiaries, produces and sells iron ore and iron ore pellets for use as raw materials in steelmaking in Brazil and internationally. The company operates through Iron Solutions and Energy Transition Materials segments. The Iron Solutions segment produces and extracts iron ore and pellets, manganese, and other ferrous products; and provides related logistic services.

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